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RM 07-16-99
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RM 07-16-99
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South Bend Redevelopment Commission <br />Regular Meeting - July 16, 1999 <br />6. NEW BUSINESS (CONT.) <br />k. continued... <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Blake and carried, the Commission <br />adopted Resolution No. 1702 approving an <br />application for real property tax deduction <br />for property at 3801 Voorde Drive in the <br />Airport Economic Development Area. <br />(Koontz - Wagner Electric Company, Inc.) <br />Michael Donoho abstained. <br />1. Commission approval requested <br />for Resolution No. 1703 <br />approving an application for <br />personal property tax deduction <br />for property at 4404 Nimtz <br />Parkway in the Airport <br />Economic Development Area. <br />(Haldex Garphyttan <br />Corporation) <br />Mike Beitzinger presented the <br />following staff report to the <br />Commission for its consideration. <br />Haldex Garphyttan Corporation <br />manufactures and distributes valve - <br />spring wire and related products for <br />combustion engines. A new state - <br />of- the -art Wire Rod Shaving <br />Machine will be purchased in order <br />to expand the company's capacity <br />by 20 percent. The shaving <br />operation is the most critical to <br />meet the required quality <br />standards. The investment could <br />lead to further investments and <br />expansion in the future as the <br />HAWPDATA \C0MMSN \071699 Minutes.wpd -14- <br />COMMISSION ADOPTED RESOLUTION NO. 1702 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY AT <br />3801 VOORDE DRIVE IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA. (KOONTZ- WAGNER <br />ELECTRIC COMPANY, INC.) <br />
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